The North America Automotive Composites Market size is expected to reach US$ 4.21 billion by 2031 from US$ 2.05 billion in 2024. The market is estimated to record a CAGR of 9.4% from 2025 to 2031.

Executive Summary and North America Automotive Composites Market Analysis

Automotive composites are crucial for enhancing vehicle efficiency and performance, finding widespread use in interior, exterior, and under-the-hood components. The increasing per capita income in North America is driving the rising adoption of passenger vehicles, a dominant mode of transportation. Vehicle production is consistently expanding, fueled by growing customer demand and continuous technological advancements in the automotive industry. In 2023, 19.18 million vehicles were sold in North America, as reported by the Automotive Trade Manual. The American Automotive Policy Council projects that annual car sales will exceed 17.7 million vehicles by 2025.

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North America Automotive Composites Market Segmentation Analysis

The automotive composites market analysis is derived from a detailed examination of key segments: product type, resin type, technology, vehicle type, and application.

By product type, the automotive composites market is segmented into glass fiber composites, carbon fiber composites, and other composite materials. Glass fiber composites held the dominant market position in 2023.

In terms of resin type, the automotive composites market is categorized into thermoset resins (e.g., polyester, epoxy, vinyl ester, polyurethane, and others) and thermoplastics (e.g., polyethylene, polypropylene, polycarbonate, polymethyl methacrylate, and additional types). Thermoplastics were the market leader in 2023.

Regarding technology, the automotive composites market is divided into pultrusion, injection molding, compression molding, and other manufacturing processes. Injection molding was the primary technology in 2023.

Concerning vehicle type, the market is segmented into passenger cars, commercial vehicles, and two-wheelers and other categories. Passenger cars accounted for the largest market share in 2023.

Based on application, the automotive composites market is segmented into structural assembly, powertrain components, interior applications, and exterior applications. The interior segment was the most significant application area in 2023.

North America Automotive Composites Market Segmentation

North America Automotive Composites Market By Fiber Type

·         Glass Fiber Composites

·         Carbon Fiber Composites

North America Automotive Composites Market By Resin Type

·         Thermoset

·         Thermoplastics

North America Automotive Composites Market By Technology

·         Pultrusion

·         Injection Molding

·         Compression Molding

North America Automotive Composites Market By Vehicle Type

·         Passenger Cars

·         Commercial Vehicles

·         Two Wheelers

North America Automotive Composites Market Regions and Countries Covered      

North America

·         US

·         Canada

·         Mexico

North America Automotive Composites Market Market leaders and key company profiles  

·         Gurit Holdings AG

·         Hexcel Corp

·         Mitsubhishi Chemical Group

·         SGL Carbon SE

·         Solvay SA

·         Teijin Ltd

·         DuPont de Numours Inc

·         Toray Industries

·         Atlas Fibre

·         Elaghmore Advisor LLP

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